If Unions Are Successful in Negotiating a Wage Higher Than

question 45

Multiple Choice

If unions are successful in negotiating a wage higher than the market equilibrium wage,and also guarantee employers that they can hire as many labor hours as they desire per week at the union wage,

• A)the quantity of labor demanded will exceed the quantity supplied at the union wage.
• B)the quantity of labor demanded will equal the quantity supplied at the union wage.
• C)the quantity of labor demanded will fall short of the quantity supplied at the union wage.
• D)all workers who join the union will be guaranteed a job.

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Definitions:

Ozonolysis-Reduction

A chemical reaction where a carbon-carbon double bond is cleaved by ozone, forming ozonides, which are then reduced to yield alcohols, aldehydes, or ketones.

Alkene

Unsaturated hydrocarbons containing at least one carbon-carbon double bond.

Reagents

Chemicals or substances infused into a system to trigger a chemical reaction or to verify the occurrence of a reaction.

Transformation

A process by which one thing changes into another, often applied in the context of mathematical functions, biological metamorphosis, or data manipulation.